Leave Wins… Sterling tumbles to lowest levels since 1985, but has since recovered slightly

In a shock result that the city and the bookmakers didn’t see coming, the UK has voted to leave the EU. The Pound has fallen twice as far as on Black Wednesday,hitting it’s lowest since 1985. The Pound has since recovered some of it’s losses however.

Sterling/Dollar was up at $1.50 last night, and dropped to as low as $1.32. Sterling has managed to recover nicely however, and GBP/USD currently sits at $1.3715, with GBP/EUR at €1.24. So while it’s lower, it’s not a complete disaster.

However you voted, and whatever your currency requirements, we can help you navigate these turbulent markets to achieve an exchange rate much better than banks or other brokers can offer. Those with Euros to sell may well wish to take advantage of the weakness.